Ger30Ger30 was on its higher higher point which the point was 16990 and remember it was never been on that point before since in history of ger30 chart!!..
Looking at my analysis Ger30 it's trying to pull back which our entry is going to be on (16928.93.)
Our 1st to will be on 16834.49 then we will be heading to our second tp will be at point (16781.87) then when it hits that the second tp we will be heading to tp (16518.01)
Let's have a great trading a profitable week
DAX trade ideas
DAX Elliott Wave Analysis for Wednesday 31/01/2024In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, the primary scenario suggests that wave 4 as a WXY structure is in.
THE SILVER BULLET EXECUTION NEW YORK AM SECTION.Once BSL was taken, I hold for SSL. But this particular trade I will be exiting before SSL cause the pair has been on a strong Bullish momentum.
Ger30 short . Rising wedge formed on H4 timeframe
. Bearish engulfer formed on resistance on H1 / H4 timeframe
. RSI shows an overbuy and a double top on H4 timeframe
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Weekly Technical Analysis 29/01/2024Start your week by identifying the key price levels and trends.
The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex.
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Support & Resistance are set by the StdDev #2 Lower and Upper respectively.
Momentum is determined by the RSI level (70 as overbought and under 30 as oversold).
Analysis
Germany 40 is in the impulse phase of a bullish trend, with its current price positioning above the 20-period VWAP of 16,673. The index finds its support at 16,404 and faces resistance near 16,942. The RSI stands at 62, indicating a strong upward momentum.
UK 100 is in a potential reversal of a bearish trend, with the price breaking back above a declining 20-period VWAP of 7,556.. The index has its support level at 7,394.4 and resistance at 7,718.4. The RSI is noted at 57, suggesting a potential for further downside within the mark-up phase, indicating early signs of weakness.
Wall Street is in an impulsive phase of a bullish trend, indicated by its price well above the 20-period VWAP of 37,647. The support for this index is at 37,136, with resistance slightly above the current price at 38,157. The RSI is at 65, pointing towards strong bullish momentum without yet getting overbought.
Brent Crude is in the impulsive phase of a bullish trend, with its price well above the 20-period VWAP of 79.03. It has established support at 74.65 and is testing resistance at 83.30, closely matching its current price. The RSI is at 66, indicating bullish momentum, suggesting continued upward price movement.
Gold is in a corrective phase of a bearish trend with its price just below the 20-period VWAP of 2,030. The support level is set at 2,007, with resistance at 2,053. The RSI at 48 indicates a neutral momentum, suggesting that the market might be gathering strength for a potential directional move.
EUR/USD is showing a bearish trend, with the price below the 20-period VWAP of 1.0904. The support is found at 1.0813, and resistance is at 1.0995. The RSI at 39 indicates a lack of strong momentum but leans towards a bearish bias.
GBP/USD presents a neutral trend, hovering around the 20-period VWAP of 1.2708. The support and resistance levels are closely set at 1.2652 and 1.2768, respectively. The RSI is at 51, indicating a balanced market condition, suggesting uncertainty and lack of a clear directional trend.
USD/JPY is in the impulsive phase of a bullish trend, with its price above the 20-period VWAP of 146.64. The support level is at 143.54, with resistance at 149.73. The RSI is at 63, suggesting strong bullish momentum, indicating the potential for continued upward movement.
Will DAX find buyers at 78.6% pullback?DE30EUR - 24h expiry
Price action continues to trade around the all-time highs.
The primary trend remains bullish.
We look to buy dips.
20 4hour EMA is at 16865.
Levels close to the 78.6% pullback level of 16863 found buyers.
We look to Buy at 16865 (stop at 16785)
Our profit targets will be 17065 and 17125
Resistance: 16970 / 17004 / 17100
Support: 16890 / 16800 / 16750
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GER30We will be looking for buying opportunities when the market reach the Uptrending Support of the bullish trend
DE trade set up idea for 28Jan - 2FEBDE trade set up idea for 28Jan - 2FEB
Looking to buy on DZ 1h & over
a weekly price action market recap and outlook - daxGood morning and i hope you are well.
This week bulls took over again and nasdaq e-mini futures printed a new all time high. After last Thursday and Friday, which gave good looking buy signals, this weeks follow through was expected. As mentioned during the week, i don’t expect much higher prices and that we will form a top here before we trade down over the next months. That does not mean, that markets can’t make higher highs. I just think the probability of that is low. That’s why i started taking longer term short positions in dax and nasdaq, to which i will add higher and take profits when appropriate.
dax
Quote from last weeks outlook:
Let’s talk bull case first: Bears could not produce lower prices or big consecutive bear days below the 20ema. Bear channel held and bulls just bough everything under 16700. Bears tried 3 times and now they will probably give up to short higher again. Thursday and Friday printed consecutive bull bars and it’s a buy signal. They want a retest of the ath or at least trade back to upper channel lines.
Market did exactly that and we even broke above the bear trend line. I still think this is a trading range and two legged moves are common. We might retest the previous January high at 17123 and depending of the strength of that, could also retest the ath but i highly doubt we can break it. Highest odds for me are that this is a lower high and i just have to adjust the bear trend line. For next week i expect a weaker overall (if earnings do not surprise upwards big time) market and bears trying to print lower lows. If the bears are strong, we could trade back to the lower bear trend line at around 16200. Everything below would be a surprise, as well as prices above 17200.
outlook last week: “probably up“ → good outlook, was good for 300 points
short term: sideways to down
medium-long term: down - what would change that? two consecutive daily closes above 17300
DAX Elliott Wave Analysis for Monday 29/01/2024In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, the primary scenario suggests that wave 4 as a WXY structure is in.
DAX, is 17k the top?As you may noticed, after reaching the round 17k level, the DAX reacted more corrective than usual and fell back to the trend line. If you want to get in a short position, you can look for the trend line to be broken and retestet. This move could be interpreted as a 1, 2 setup for a decline back to the 16k area.
GERMANY 40 BUYTrying this buy.
Good risk/reward.
Probable trend reversal.
I go in staggered on the 2 fibonacci levels, with same stack, trying to optimize entry.
Do your own research.
No financial advice. Be cautious.
✅DAX BULLISH BIAS|LONG🚀
✅DAX is trading in an
Uptrend and the index has
Formed an opening wedge
Pattern so IF we see a
Bullish breakout then we
Will be expecting a
Further move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
GER 30 : More long orders are setting up for potential bull run A strong daily bullish close above the bull flag resistance would signal bullish rally continuation.
DAX // primary expansionA countertrend on H1 was broken by a nice trigger candle that is visible on H4 as well, near the all-time high.
At the moment, this long impulse's correction on H1 is valid, but if it breaks before the H4 TREND and the Daily TREND is broken, we can witness a very nice move towards the target zone.
